Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.45 per $10,000 · paid last 24h −0.014%
Price spread now: Bybit against edgeX+0.127%81s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$260.261% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.127%, 7d avg +0.013%
=Together, before fees−0.195%+ Points / potential airdropedgeX: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.115% dearer against edgeX than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.013%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.2 days. At the pace of the last 7 days (−0.039% in total) that is about 20 days. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX XAGUSDC | 66.086 | 0.0172 | pay 0.0086% / 4h | 2h 48m | $671K | $311K | 30x |
| Short | Bybit XAGUSDT | 66.170 | 0.0082 | get 0.0041% / 4h | 2h 48m | $27.8M | $36.2M | 150x |
edgeX XAGUSDC
Bybit XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.97
- Price spread: +0.127% → +0.013%
- $11.47
- Slippage, 4 orders
- −$6.06
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$33.56
- Costs to cover
- 0.261%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 65 min ago; Bybit: live order book, just now.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy edgeX live order book, 65 min ago | 2.27 bp | 6.8 bp −$7 | 6.8 bp −$68 | 9.2 bp −$920 | 21.1 bp −$10.6K |
| Sell Bybit live order book, just now | 0.76 bp | 6.3 bp −$6 | 8.0 bp −$80 | 15.9 bp −$1,590 | 64.8 bp −$32.4K |
XAG on 44 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0027% | 1h | 66.030 | −0.084% | $5.7M | $9.3M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.104 | +0.028% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.150 | +0.097% | $3K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.170 | +0.127% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.150 | +0.097% | $1.5M | $257K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.090 | +0.006% | $121K | — | 250x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 66.144 | +0.088% | $1.3M | $4.8M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.145 | +0.090% | $4.8M | $9.3M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.093 | +0.011% | $5.2M | $11.4M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.475% | $11K | $94K | 52x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
RISEx XAG/USDC
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SILVER | +0.0036% | 1h | 66.018 | −0.103% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.150 | +0.097% | $796K | $3.0M | 40x | as long as short |
| Gate XAG_USDT | +0.0044% | 4h | 66.160 | +0.112% | $149.9M | $154.0M | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.571 | +0.734% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.111 | +0.038% | $3.9M | $676K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.092 | +0.009% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 66.130 | +0.067% | $114K | $2.7M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0054% | 8h | 66.112 | +0.040% | $30K | $1K | 5x | as long as short |
| tradeXYZ xyz:SILVER | +0.0074% | 1h | 66.115 | +0.044% | $166.7M | $73.8M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0075% | 24h | 66.109 | +0.035% | $519K | $26.7M | 8.1x | as long as short |
| Bybit XAGUSDTshort | +0.0082% | 4h | 66.170 | +0.127% | $27.8M | $36.2M | 150x | |
| Pacifica XAG | +0.0100% | 1h | 66.080 | −0.009% | $471K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.110 | +0.037% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.100 | +0.021% | $113K | $30K | 50x | as long as short |
| Aster XAGUSDT | +0.0109% | 4h | 66.155 | +0.104% | $2.7M | $873K | 100x | as long as short |
| Lighter XAG | +0.0136% | 1h | 66.149 | +0.096% | $5.2M | $10.6M | 25x | as long as short |
| BloFin XAG-USDT | +0.0146% | 4h | 66.130 | +0.067% | $2.6M | $571K | 100x | as long as short |
| Variational Omni XAG | +0.0151% | 4h | 66.143 | +0.087% | $5.7M | $9.5M | — | as long as short |
| Aevo XAG-PERP | +0.0152% | 1h | 66.148 | +0.094% | $47K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0162% | 4h | 66.158 | +0.110% | $191.4M | $702.9M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0162% | 4h | 66.150 | +0.097% | $116.4M | $151.8M | 1000x | as long as short |
| Nado XAG-PERP | +0.0164% | 1h | 66.103 | +0.026% | $1.4M | $5.6M | 10x | as long as short |
| edgeX XAGUSDClong | +0.0172% | 4h | 66.086 | long leg | $671K | $311K | 30x | |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.980 | −0.160% | $1.8M | $1.0M | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0196% | 1h | 66.090 | +0.006% | $79K | $36K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0204% | 1h | 66.130 | +0.067% | $74K | $364K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0206% | 4h | 66.160 | +0.112% | $395K | $1.5M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0221% | 8h | 66.150 | +0.097% | $27.8M | $64.6M | 50x | as long as short |
| Bitget XAGUSDT | +0.0222% | 4h | 66.160 | +0.112% | $24.0M | $44.9M | 100x | as long as short |
| Bullet SILVER-USD | +0.0230% | 1h | 66.151 | +0.099% | $44K | $76K | 10x | as long as short |
| Hotstuff SILVER-PERP | +0.0320% | 1h | 66.129 | +0.065% | $35K | $21K | 20x | as long as short |
| Hibachi XAG/USDT-P | +0.0328% | 1h | 66.100 | +0.021% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0388% / S −0.0443% | 1h | 66.155 | +0.105% | $106K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0466% | 1h | 66.120 | +0.052% | $909K | $688K | 25x | as long as short |
Phoenix SILVER
StandX XAG-USD
Gate XAG_USDT
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aster XAGUSDT
Lighter XAG
BloFin XAG-USDT
Variational Omni XAG
Aevo XAG-PERP
Binance XAGUSDT
MEXC SILVER_USDT
Nado XAG-PERP
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Bullet SILVER-USD
Hotstuff SILVER-PERP
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD